Strategic Financial Concepts LLC Makes New $12.63 Million Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Strategic Financial Concepts LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 88,331 shares of the company's stock, valued at approximately $12,625,000. Strategic Financial Concepts LLC owned 0.08% of Builders FirstSource as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BLDR. Brooklyn Investment Group acquired a new position in Builders FirstSource during the third quarter worth $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource during the third quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter worth $33,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource during the third quarter worth $39,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource during the third quarter worth $46,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Oppenheimer reiterated an "outperform" rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Royal Bank of Canada increased their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Robert W. Baird increased their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Wedbush reiterated an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $205.71.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $5.28 on Wednesday, reaching $150.88. The stock had a trading volume of 1,573,737 shares, compared to its average volume of 1,527,716. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The company has a market cap of $17.36 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The business's 50 day moving average is $157.69 and its two-hundred day moving average is $171.23.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.